Morningstar Rating™

Morningstar SRRI

Benchmarks

Fund Benchmark

MSCI Brazil NR USD

Morningstar® Benchmark

MSCI Brazil NR USD

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Investment Objective

The investment objective of the Fund is to replicate the performance of the MSCI Brazil Index (the “Index”), while minimising as far as possible the tracking error between the Fund’s performance and that of the Index. The Index is a market-capitalisation weighted index designed to measure the performance of the largest publicly listed companies in Brazil, as defined by the Index Provider. Brazilian equity markets are considered to be emerging markets and accordingly, are subject to specific risk factors.
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Portfolio Profile07/12/2016

Morningstar Style Box®

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Equity Style

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Top Holdings

Name

Sector

%

IncreaseDecreaseNew since last portfolio

Itau Unibanco Holding SA

Financial Services

10.86

Bank Bradesco SA Pref Shs

Financial Services

7.90

Ambev SA

Consumer Defensive

7.75

Petroleo Brasileiro SA Petrobras

Energy

6.15

Petroleo Brasileiro SA Petrobras

Energy

5.39

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Asset Allocation %

Long

Short

Net

Stocks

99.75

0.00

99.75

Bonds

0.00

0.00

0.00

Cash

21.82

21.57

0.25

Other

0.00

0.00

0.00

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Top Stock Regions

Region

%

Latin America

100.00

United States

0.00

Japan

0.00

Australasia

0.00

Asia - Developed

0.00

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Top Stock Sectors

StockSector

%

Financial Services

33.95

Consumer Defensive

15.78

Energy

14.45

Basic Materials

14.25

Utilities

5.64

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AJ Bell includes AJ Bell Holdings Limited and its wholly owned subsidiaries. AJ Bell Management Limited and AJ Bell Securities Limited are authorised and regulated by the Financial Conduct Authority. All companies are registered in England and Wales at Trafford House, Chester Road, Manchester M32 0RS. AJ Bell procures the provision of the Morningstar Licensed Tools on an “as is” basis and does not guarantee the performance of or accept liability for the Licensed Tools. To the maximum extent permitted by law, AJ Bell excludes liability for the Licensed Tools, including liability for any failure, interruption, delay or defect in the performance of any Licensed Tool, unless it arises as a direct result of the negligence of AJ Bell.